Barclays cuts target to USD 77 for Hewlett Packard Enterprise stock

Published on 10/21/2026 at 10:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman Sachs set a USD 80 target on October 6, 2026. HPE stock costs EUR 52.27 on October 21, 2026 with USD 12.21 billion in third-quarter revenue.

Guidance and trading context

Barclays cut its target from USD 83.00 to USD 77.00 on October 14, 2026.
Fiscal third-quarter revenue reached USD 12.21 billion, up 34 percent year over year.
HPE stock trades at EUR 52.27 at 10:30 a.m. CEST at Lang & Schwarz on October 21, 2026.

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Hewlett Packard Enterprise (US42824C1099) became the subject of a fresh target cut when Barclays lowered its price target from USD 83.00 to USD 77.00 on October 14, 2026, according to Barchart. At Lang & Schwarz, HPE was trading at EUR 52.27 on October 21, 2026 at 10:30 a.m. CEST.

Results reset the growth case

On September 2, 2026, HPE reported fiscal third-quarter revenue of USD 12.21 billion, up 34 percent year over year, according to CEO.CA. The release also showed GAAP diluted earnings per share of USD 1.06 and non-GAAP diluted earnings per share of USD 1.11 for the quarter ended July 31, 2026.

HPE raised its fiscal 2026 revenue-growth outlook to 34 percent to 37 percent and projected fourth-quarter revenue of USD 13.9 billion to USD 14.8 billion. It also lifted fiscal 2026 free cash flow guidance to at least USD 3.75 billion, according to the same release.

Three dates chart the shift

On September 2, 2026, the quarterly report set revenue at USD 12.21 billion and non-GAAP operating margin at 16.20 percent, according to CEO.CA. On October 6, 2026, Goldman Sachs raised its target from USD 75.00 to USD 80.00, Barchart reported. On October 14, 2026, Barclays cut its target from USD 83.00 to USD 77.00, also reported by Barchart.

What does the downgrade mean?

The target change introduces a more cautious valuation view even as HPE expands. Networking revenue rose 74.90 percent year over year to USD 2.89 billion in the fiscal third quarter, while Cloud and AI revenue increased 25.40 percent to USD 9.04 billion, according to CEO.CA. The figures show that the growth story extends beyond one product line, although the analyst response signals greater scrutiny of execution and valuation.

Next dates for HPE

Hewlett Packard Enterprise lists HPE Discover Barcelona for December 2-3, 2026, on its company website Hewlett Packard Enterprise. Gekko lists December 3, 2026, after the market close, as the next HPE earnings report Gekko.

Trading and valuation context

HPE had a market capitalization of USD 74.5 billion as of October 20, 2026. Its primary listing is on the NYSE under ticker HPE, and the 52-week range was USD 19.84 to USD 73.56 on the same market-data snapshot. At Lang & Schwarz, HPE was trading at EUR 52.27 on October 21, 2026 at 10:30 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of HPE stock.